TORONTO, April 14, 2005 (PRIMEZONE) -- eResearch Analyst Christopher Thompson rated Diamond Discoveries International Corp. (OTCBB:DMDD) a "Speculative Buy" in an initiating report and set a price target at US$0.07. Diamond Discoveries is a U.S. junior exploration and development company focused on diamond exploration in Quebec.
In the Report, which is free for a limited period of time on eResearch's website, http://www.eresearch.ca/juniormining/, the analyst commented that the Company's shares are "undervalued relative to those of its peer group."
The analyst further commented that our positive view of the Diamond Discoveries "is enhanced by the successful track record of the Company's exploration team, under the direction of Peter Ferderber, who is a past 'Prospector of the Year' in Canada, and a geologist accredited with assisting in the discovery of numerous mineral deposits."
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